[Upbit] Notice of Temporary Suspension of MultiversX (EGLD) Deposits and Withdrawals Due to Network Upgrade (02/04 18:00 ~)

Hello. This is Upbit, the most trusted global standard digital asset exchange.

Due to the upcoming network upgrade of MultiversX (EGLD), the support for deposits and withdrawals will be suspended from 2025-02-04 18:00 (KST) until the stability of the network upgrade is confirmed (further notice will be provided through this announcement).

[Notice on EGLD Network Upgrade]

• [View Details on EGLD Network Upgrade](https://github.com/multiversx/mx-chain-mainnet-config/releases/tag/v1.8.9.0)

[Suspension Period for Deposits and Withdrawals]

• 2025-02-04 (Tue) 18:00 (KST) \~ Until the stability of the EGLD network upgrade is confirmed, a notice will be provided to resume deposit and withdrawal support.

[Resumption of Deposit and Withdrawal Support]

• We will resume deposit and withdrawal support once the stability of the EGLD network upgrade is confirmed.

• The timing for the resumption of EGLD deposit and withdrawal support will be updated through this announcement.

*If any issues arise regarding the resumption of deposit and withdrawal support, we will inform you through this announcement.

[Precautions]

• If you deposit EGLD after the suspension period, it may not be reflected in your Upbit account, and in such cases, recovery may not be possible.

• Please be aware of this and do not deposit after the suspension period.

• During the suspension period, the return process for deposits of the digital asset will be temporarily suspended, and will be processed sequentially after the resumption of deposit and withdrawal support.

• In the event of a suspension, there may be delays in deposit processing due to network congestion, and there may be a difference between the confirmation time of transactions on the blockchain network and the time of deposit reflection.

• Deposits and withdrawals may occur on some blockchain networks before or after the suspension period, but normal processing is not possible during the inspection period according to our wallet system processing status, and it may be delayed in being reflected in member accounts as it will be processed sequentially after the inspection is completed.

[Frequently Asked Questions]

• Although EGLD deposits and withdrawals are temporarily suspended, EGLD trading will be supported without interruption.

• Upbit plans to closely cooperate with the project team to safely protect your assets, and if there are any additional or changes, we will provide updates through this announcement.

We ask for your understanding as this is a measure for safe deposit and withdrawal support.

Thank you.

※ Virtual assets are high-risk products and may result in the loss of all or part of your investment.

*This information is generated automatically.